Apple ‘Trade Up With Installments’ Makes It Much Easier To Own An iPhone

Suppose if you want to upgrade to a new iPhone but do not have sufficient cash to purchase one; Apple has introduced its ‘Trade Up With Installments’ to make that purchase a lot easier. Here is how it will work.

According to Apple and its ‘Trade Up With Installments’ plan, the company states the following:

“really geared toward people who have older generation iPhones.” As with most trade-in programs, the older model of the phone that is traded in, the lesser its value. With Apple’s new initiative, a new factor is thrown in depending on the model of iPhone that users are looking to pay off on the 24-month installment plan. So, for example, if someone were to trade in an iPhone 4 for a 16GB iPhone 5s and receive maximum trade in value, the monthly payment would be on the lower end, equating to $14.58/month.”

When users decide that they want to switch to Apple’s newest generation of iPhones, all they have to do is to trade in their old iPhone, Android, or Windows Phone and put the value of that device towards a new 24-month iPhone installment plan. Unfortunately, this offering is currently only available in the United States, which should have been expected. So how exactly will this plan work? Let us take a look at the example below:

For instance, if you want to trade in your old iPhone 4 for a 128GB iPhone 6s Plus, it would equal to a $35.37 monthly payment on the new program. Pay close attention; AppleCare+ is not included in these new plans, so you will definitely have to pay extra if you want your device to be covered if something happens to it. Even though Apple did not provide specific details on the amount regarding the amount you would have to pay for an Android or Windows powered smartphone, its trade-in value was somewhere in between $100 and $300, lining up with the monthly values of the iPhone 4, 4s, 5, 5c, 5s, and 6. More details regarding the offer have been detailed below:

“Whatever phone you purchase will be unlocked, which means you’re not tied to a specific carrier (though you still have to sign up for wireless service for the iPhone). The maximum trade-in values are the same as for the regular trade-in program. That’s $100 for the iPhone 4 and 4S; $200 for the 5, 5C and 5S; $300 for the 6; and $350 for the 6 Plus.

The amount doesn’t change based on how much storage you have. You’ll get as much for the 16GB version of an iPhone as for the 128GB, despite the fact jumping from 16GB to 128GB cost you $200 when you bought the phone. And the values are for phones with regular use, so don’t worry if your device isn’t in pristine condition. If you have a cracked screen or other damage, you won’t get as much money.”

You will also have to keep in mind that you will have to pay for the previous smartphone completely (if you have opted to purchase a plan for your previous smartphone instead of buying an unlocked variant) if you want to take advantage of Apple’s newest offer. What do you think of this latest offering? Let us know your thoughts.